Taking your view on a stock off what is posted on HC would seem like a certain formula for losing money!
There's no point us all huddling in enclave, nodding sagely about how much IBA has to go up from here- the trend is still down and it hasn't yet confirmed that it has ended. 62cps seems to be a fairly key level of consolidation from which it will probably break out with some force. Statistically, the direction is most likely to be downward, although fundamentally there is a case that it may be time to turn upwards. Whichever the direction, it would seem that the HY result is ideally placed to provide a trigger.
IBA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held